Skip to content
  • Boyar Family of Companies

    Boyar Family of Companies

    Whether uncovering a new idea for our research subscribers, managing pension funds, or handling accounts for individual investors, our research-driven insights help both professional and individual investors pursue their investment goals. 

    Boyar_Logo_Asset_Management-May-31-2023-08-39-05-3251-AM

    Boyar Asset Management focuses on investing in the equity securities of intrinsically undervalued companies.

    Boyar_Logo_Research-1

    Boyar Research was established in 1975 to provide independent research utilizing a business persons approach to stock market investing.

  • Insights

    Blog

    Read the latest news and insights from the team at Boyar Value Group.

    What It Takes To Be A Value Investor Today?

    From Records to Radio: Bill Wilson's Journey to Landing a Digital Media Empire

    The Boyar Value Group’s 1st Quarter Letter 2024

  • Podcasts

    Podcast

    "The World According to Boyar podcast brings top investors, best selling authors, and market newsmakers to show you the smartest ways to uncover value in the stock market." 

    From Records to Radio: Bill Wilson's Journey to Landing a Digital Media Empire

    Anthony Scaramucci on resiliency, cryptocurrencies, and much more.

    Guy Spier, Portfolio Manager of the Aquamarine Fund and Author of the Education of a Value Investor

  • Media Appearances

    Media

    Check out the latest media appearances from the team at Boyar Value Group.

    What It Takes To Be A Value Investor Today?

    Understanding Dividends: How Companies Allocate Money

    Comcast, Atlanta Braves, and 3 Other Forgotten Value Stocks With Potential to Grow

  • Team
  • Contact
  • Schedule a Meeting

The Boyar Value Group’s 1st Quarter Letter 2024

The Boyar Value Group just released our latest quarterly letter to clients.

The S&P 500 increased by 10.2% during 1Q 2024, closing at a record high 22 times during the quarter—the highest figure since 1Q 1998 and a stark contrast to 2023, when it had no record closes throughout the year (the first time since 2012) despite advancing by 24%. (Note: The figures in this section are not inclusive of dividends.) From 1950 through 2023, the S&P 500 has gained 8% or more 16 times in 1Q. In 15 of those instances, it added to its gains throughout the year, for an average advance of 9.7% over the following 3 quarters according to Teresa Rivas writing for Barron’s. (In 1987, the one exception, the S&P 500 started the year with a blistering 20% advance for 1Q, but on October 19, Black Monday, it declined by over 20% in a single day—yet, remarkably, still finished positive for the year.)
Although a strong start to the year is generally a bullish signal, investors should curb their
enthusiasm for spectacular gains for the rest of 2024: in 10 of those 15 years, the 1Q gains eclipsed those of the remaining 3 quarters combined...

Please click here to read the entire letter.